Who pays provisional tax? All companies will be provisional tax payers. Individuals need to also register for provisional tax if they earn income other than a salary/remuneration, for example rental income from a property, income from a trade or interest from investments. There are two exceptions here: If the income earned other than a salary/remuneration […]
I learnt long ago not to discuss the debit and credits with my clients as the look on their faces would always be a look of absolute boredom (eyes glazing over while they think of what they can say to end this torturous conversation) and a hint of aggression (a build-up of frustration, of not […]
Accounting is a necessary part of running a business. It’s a task you’ll either need to master or outsource — or both. Let’s ease into the topic by first reviewing accounting terminology. These 10 terms will create the foundation on which you’ll build your knowledge of business accounting. While some of these terms might not […]
There are various types of business enterprises to choose from when setting up a business in South Africa. The decision as to which vehicle will be the most appropriate depends on a number of factors including the characteristics of each type of business entity as well as the advantages and disadvantages. The purpose of this […]
Depending on the lifecycle stage of your business you may need “just-the-basics” bookkeeping or more advanced bookkeeping and management accounting. These are quite different approaches to financial management, and to justify the expense of the latter, your business needs to be at a stage where financial intelligence is critical and can provide an ROI.
As a business owner or CEO, when trying to manage every aspect of the business, some things can quickly take a wrong turn. You may not even see it coming until it gets too far.
Unfortunately, the proper management of a business’s bookkeeping and accounting are oftentimes neglected or treated as an ornery stepchild. This is because, well, it may not feel as critical or important to you as building your brand or closing a sale. However, the finance function of your business should give you peace of mind and be a source of truth to leverage.
